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In September 2015 an internal memo responding to speculation the whole firm was for sale reaffirmed the provider’s commitment to the UK but revealed it was reviewing its annuity portfolio.

The memo said: “We have built a market leading platform which continues to be the fastest growing platform both by percentage and in terms of asset growth.

“We have clear differentiation in our proposition “to and through” retirement and this is supported by innovative products such as Secure Retirement Income which is the only guaranteed product available on platform today.

“We will continue to grow our platform both organically and through acquisition.”

Last week, Money Marketing revealed Aegon has reached a verbal agreement with Legal & General to buy its platform Cofunds. Around 30 sales staff working on its legacy business are also expected to leave as part of a restructuring of resources towards its platform division.

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Aegon has reached a verbal agreement on a deal to purchase L&G-owned platform Cofunds, Money Marketing understands. In addition, it is understood Capita and platform technology provider Bravura are working on their own joint bid for Cofunds. The move follows months of speculation over the platform, which in September last year Money Marketing revealed had […]

Aegon is to cut its salesforce from around 100 roles to 70 as part of a shift towards its platform business, Money Marketing understands. Sales staff were called into a meeting yesterday where it is understood the insurer announced around 30 roles would be lost as a result of moving resources away from its legacy […]

Aegon has launched a new guidance offering designed for customers who have already used the Government’s Pension Wise service. Aegon Assist, which is being trialled with a team of three staff, is targeted at customers who don’t have a financial adviser, and want more information about Aegon products. The service is open to customers at […]

Aegon has launched a new range of default funds for its workplace pension schemes in response to the pension freedoms. The five funds have platform charges of between 0.05 per cent and 0.4 per cent. They all use Aegon’s “flexible target glidepath” which targets three retirement income decisions in the final six years of saving. […]

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21st January 20193:05 pm

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